DNB Asset Management AS Has $3.40 Million Stock Holdings in Masco Co. (NYSE:MAS)

Posted by on Mar 23rd, 2023

DNB Asset Management AS lowered its stake in Masco Co. (NYSE:MAS – Get Rating) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,844 shares of the construction company’s stock after selling 2,657 shares during the period. DNB Asset Management AS’s holdings in Masco were worth $3,400,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tobam raised its position in shares of Masco by 141.7% in the 3rd quarter. Tobam now owns 1,141 shares of the construction company’s stock valued at $53,000 after buying an additional 669 shares in the last quarter. Standard Family Office LLC bought a new stake in Masco during the third quarter worth $53,000. Riverview Trust Co boosted its holdings in shares of Masco by 23.0% in the 3rd quarter. Riverview Trust Co now owns 1,197 shares of the construction company’s stock valued at $56,000 after purchasing an additional 224 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Masco in the 3rd quarter valued at $80,000. Finally, Old North State Trust LLC acquired a new position in shares of Masco during the 3rd quarter worth $91,000. Institutional investors own 91.50% of the company’s stock.

Insider Buying and Selling at Masco

In related news, CEO Keith J. Allman sold 33,947 shares of Masco stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $53.26, for a total transaction of $1,808,017.22. Following the transaction, the chief executive officer now owns 200,305 shares of the company’s stock, valued at $10,668,244.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Masco news, CEO Keith J. Allman sold 33,947 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $53.26, for a total value of $1,808,017.22. Following the completion of the sale, the chief executive officer now directly owns 200,305 shares of the company’s stock, valued at approximately $10,668,244.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John G. Sznewajs sold 18,240 shares of Masco stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $56.37, for a total transaction of $1,028,188.80. Following the transaction, the chief financial officer now directly owns 194,044 shares in the company, valued at approximately $10,938,260.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 326,404 shares of company stock worth $17,951,341. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

MAS has been the subject of several research analyst reports. KeyCorp lowered their target price on Masco from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, February 10th. Credit Suisse Group boosted their price objective on Masco from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, February 10th. Robert W. Baird lifted their price target on Masco from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Barclays boosted their price target on Masco from $58.00 to $61.00 in a report on Wednesday, December 14th. Finally, Royal Bank of Canada upgraded shares of Masco from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $49.00 to $57.00 in a report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.64.

Masco Stock Performance

Masco stock opened at $49.18 on Thursday. The stock’s 50 day moving average price is $52.39 and its two-hundred day moving average price is $49.79. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.06 and a beta of 1.19. Masco Co. has a 52-week low of $42.33 and a 52-week high of $58.18.

Masco (NYSE:MAS – Get Rating) last issued its earnings results on Thursday, February 9th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.93 billion. Masco had a net margin of 9.72% and a negative return on equity of 250.36%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, equities research analysts forecast that Masco Co. will post 3.29 EPS for the current year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Thursday, February 23rd were given a $0.285 dividend. This is a boost from Masco’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $1.14 annualized dividend and a yield of 2.32%. Masco’s dividend payout ratio (DPR) is presently 31.32%.

Masco Company Profile

(Get Rating)

Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets.

Featured Stories

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.